You don't want to buy in an area going downhill on account of resale when you want to sell. 

What about going month to month with your tenants, and when you know they are good people with a reliable bank account, extending them to a longer lease to hopefully reduce your turnover rate?

If each house makes 1640 a year that is 10.9% return on my money without taking into account equity and tax benefits.

Should assignment fees not be reported since your loading your bank account with random checks?

@Alina Trigub Account Closed Thanks for all the suggestions and guidance.

I want to use a VA loan, would they take into account her income?

They get Hudson & Marshall for free plus some great benefits, like a personal account representative and they don't have to pay an auction deposit.

That accounts for the huge difference in the P&I which financially straps the property after refinance.

You should talk with an accountant and a lawyer (I am not one), but for tax purposes if you take any distributions I believe they count as income anyway.

Depends on your resources Account Closed and your goals.